Adecoagro S.A. (NYSE:AGRO) Receives Average Recommendation of “Reduce” from Analysts

Adecoagro S.A. (NYSE:AGRO) has been assigned an average recommendation of “Reduce” from the seven analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $12.1167.

Several analysts have weighed in on AGRO shares. JPMorgan Chase & Co. raised their price target on Adecoagro from $7.00 to $10.50 and gave the company an “underweight” rating in a report on Monday, June 15th. Weiss Ratings lowered Adecoagro from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. UBS Group upgraded shares of Adecoagro from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $8.00 to $16.20 in a research report on Monday, March 30th. Citigroup downgraded shares of Adecoagro from a “buy” rating to a “neutral” rating and raised their target price for the company from $13.00 to $15.00 in a research note on Tuesday, April 14th. Finally, Wall Street Zen upgraded shares of Adecoagro from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th.

Institutional Investors Weigh In On Adecoagro

A number of large investors have recently added to or reduced their stakes in AGRO. Goldman Sachs Group Inc. boosted its stake in shares of Adecoagro by 48.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 86,739 shares of the company’s stock valued at $969,000 after purchasing an additional 28,275 shares in the last quarter. Jane Street Group LLC lifted its stake in Adecoagro by 20.5% in the first quarter. Jane Street Group LLC now owns 189,055 shares of the company’s stock worth $2,112,000 after purchasing an additional 32,169 shares during the last quarter. Invesco Ltd. lifted its stake in Adecoagro by 86.5% in the second quarter. Invesco Ltd. now owns 458,693 shares of the company’s stock worth $4,192,000 after purchasing an additional 212,685 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Adecoagro by 32.3% during the second quarter. Ameriprise Financial Inc. now owns 370,391 shares of the company’s stock valued at $3,385,000 after buying an additional 90,518 shares during the period. Finally, Engineers Gate Manager LP boosted its position in Adecoagro by 115.7% during the second quarter. Engineers Gate Manager LP now owns 191,927 shares of the company’s stock valued at $1,754,000 after buying an additional 102,955 shares during the period. Hedge funds and other institutional investors own 45.25% of the company’s stock.

Adecoagro Trading Up 1.5%

Shares of Adecoagro stock opened at $10.08 on Tuesday. Adecoagro has a 12-month low of $6.89 and a 12-month high of $15.89. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 504.25 and a beta of -0.04. The company has a current ratio of 1.74, a quick ratio of 0.86 and a debt-to-equity ratio of 0.80. The company’s 50-day moving average price is $11.16 and its 200-day moving average price is $10.98.

Adecoagro (NYSE:AGRO) last posted its earnings results on Monday, May 11th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.49). The firm had revenue of $419.44 million for the quarter, compared to the consensus estimate of $408.94 million. Adecoagro had a negative return on equity of 2.38% and a net margin of 0.95%. On average, equities analysts expect that Adecoagro will post 1.73 earnings per share for the current fiscal year.

Adecoagro Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 4th were issued a dividend of $0.1213 per share. This represents a dividend yield of 160.0%. The ex-dividend date of this dividend was Monday, May 4th. Adecoagro’s payout ratio is currently 1,200.00%.

About Adecoagro

Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.

The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.